DonCorleone77 Posted - 10/30/24

$SITE SiteOne Landscape sees FY24 adjusted EBITDA $370M-$380M FY24 adjusted EBITDA view includes the $5M one-time charge. "Our maintenance and new construction markets remain resilient, but we continue to experience soft demand driven primarily by a weaker repair and remodel end market. In addition, we estimate that hurricanes Helene and Milton have negatively impacted Net sales by approximately $15M vs. $8M in the Q4. The pricing environment continues to be challenging and will have a negative impact on both our sales growth and gross margin. Against these headwinds, our teams are executing our commercial and operational initiatives well, and we expect to continue outperforming the market with a low single digit Organic Daily Sales decline for the remainder of the year," said Doug Black, SiteOne's Chairman and CEO. "We are managing our SG&A tightly and making the necessary changes to optimize our cost structure for the long run. As a part of these efforts, we plan to consolidate or close 16 branches in the Q4, resulting in an expected one-time charge to adjusted EBITDA of approximately $5M."

DonCorleone77 Posted - 10/30/24

$SITE SiteOne Landscape reports Q3 EPS 97c, consensus $1.16 Reports Q3 revenue $1.21B, consensus $1.19B. "During the quarter we continued to face market headwinds with 3% price deflation and a softer repair and remodel market. Given these, we were pleased to achieve 2% Organic Daily Sales volume growth to partially offset the price decline," said Doug Black, SiteOne's Chairman and CEO. "Overall, our teams are executing our strategy, outperforming the market with organic sales volume growth, and pushing forward on our commercial and operational initiatives to yield organic growth and adjusted EBITDA margin expansion in 2025 and beyond. With a clear leadership position in wholesale landscape distribution, strong teams, a robust acquisition pipeline, and a winning strategy to create value for our stakeholders, we are confident in our ability to perform and grow in the years to come."

Estimize Posted - 10/28/24

Wall St is expecting -13.33% YoY EPS growth for $SITE in Q3, down from -2.95% in Q2 [Reporting 10/30 BMO] http://www.estimize.com/intro/sit

swingingtech Posted - 1 month ago

$GWW $SITE https://wallstreetwaves.com/w-w-grainger-gww-jumps-5-8-what-this-could-mean-for-future-performance/

WeeklyTrader Posted - 1 month ago

Protect your investments now! $SITE 145.0p RSI: 55.26% 50-day MA: $140.88 200-day MA: $150.85

WeeklyTrader Posted - 1 month ago

This stock might face challenges! $SITE 145.0p

InItToWinIt100 Posted - 1 month ago

$SITE $CURB

vanquish Posted - 3 months ago

$HD $LOW and may be the better short candidate on the deferring of projects is $SITE

vanquish Posted - 3 months ago

$SITE from the Conf Call," Our acquisitions typically perform at a similar adjusted EBITDA margin as the base business. However, with the addition of Pioneer last year with over $150 million in annual sales, operating well below our adjusted EBITDA margin, we will experience meaningful adjusted EBITDA margin dilution from acquisitions this year. We are executing a systematic turnaround plan for Pioneer."

IN0V8 Posted - 3 months ago

$SITE Jefferies raises target price to $145 from $125 RBC cuts target price to $132 from $133 Stifel cuts to hold from buy Truist Securities raises PT to $165 from $158 Truist Securities ups target to $165 from $158

Thestocktraderhubzee Posted - 3 months ago

WATCHLIST AUG 01 2024 $ENTG Needham Reiterates Buy on Entegris, Maintains $150 Price Target $CNMD Needham Maintains Buy on Conmed, Lowers Price Target to $97 $SITE Stifel Downgrades SiteOne Landscape Supply to Hold, Maintains Price Target to $150 $GEV Morgan Stanley Upgrades GE Vernova to Overweight, Raises Price Target to $220 $MCD TD Cowen Maintains Buy on McDonald's, Lowers Price Target to $280

DonCorleone77 Posted - 3 months ago

$SITE SiteOne Landscape downgraded to Hold from Buy at Stifel Stifel analyst W. Andrew Carter downgraded SiteOne Landscape to Hold from Buy with an unchanged price target of $150. The shares were up 2% post earnings, likely helped by rate sentiment following a stronger Q2 performance, the analyst tells investors in a research note. However, the firm views SiteOne's update as disappointing with fiscal 2024 guidance reduced 11% at the midpoint driven by a weaker end market outlook and prolonged deflation. While the latter is transitory and likely in late innings, the prolonged headwind "has illuminated an added source of volatility" with limited visibility, says Stifel. It does not believe the near-term fundamental case offers the upside necessary to take a more constructive approach with the shares.

vanquish Posted - 07/31/24

$SITE From For Fiscal 2024, we continue to expect our Adjusted EBITDA to be in the range of $420 million to $455 million to we NOW expect our Adjusted EBITDA to be in the range of $380 million to $400 million...

epsguid Posted - 07/31/24

$SITE reported earnings of $2.63, consensus was $2.50 via @eWhispers #epsbeat http://eps.sh/d/site

DonCorleone77 Posted - 07/31/24

$SITE SiteOne Landscape sees FY24 adjusted EBITDA $380M-$400M "Our maintenance and new construction markets remain resilient, but we are continuing to experience soft demand driven primarily by a weaker repair and remodel end market. Additionally, pricing continues to have a negative impact on our growth due to the ongoing deflation in commodities like PVC pipe and grass seed. We now expect those trends to continue throughout the second half of 2024. Our teams are executing our commercial and operational initiatives well, and we expect to continue outperforming the market with a low single digit Organic Daily Sales decline for the remainder of the year," CEO Doug Black said. "With the benefit of acquisitions, we expect overall sales growth to be positive in the second half of 2024 but with a lower adjusted EBITDA margin than last year."

DonCorleone77 Posted - 07/31/24

$SITE SiteOne Landscape reports Q2 EPS $2.63, consensus $2.54 Reports Q2 revenue $1.41B, consensus $1.39B. "In early June, we communicated that our Organic Daily Sales for the second quarter were trending down 4% to 5% reflecting softer end market demand and continued price deflation. Given that trend, we were pleased to see conditions improve in June and achieve an Organic Daily Sales decline of only 3% for the quarter," said Doug Black, CEO. "With the benefit from acquisitions and with actions by our teams to control operating cost and maintain gross margin, we were also pleased to deliver adjusted EBITDA that was comparable to last year. Additionally, we added four attractive new companies to SiteOne during the quarter and one in July as we continue to build our full product line capability across the US and Canada. While we expect market softness and deflation to dampen this year's results, our teams are executing our strategy and driving improvements as we manage through the near-term challenges."

Stock_Titan Posted - 07/31/24

$SITE SiteOne Landscape Supply Announces Second Quarter 2024 Earnings https://www.stocktitan.net/news/SITE/site-one-landscape-supply-announces-second-quarter-2024-hp0cjsfzru6i.html

NVDAMillionaire Posted - 07/30/24

$SITE SiteOne Landscape Supply (NYSE:SITE) – A Comprehensive Analysis of the Leading Landscape Supply Distributor http://beyondspx.com/2024/07/29/siteone-landscape-supply-nysesite-a-comprehensive-analysis-of-the-leading-landscape-supply-distributor/

DonCorleone77 Posted - 4 months ago

$SITE SiteOne Landscape price target lowered to $114 from $129 at Barclays Barclays lowered the firm's price target on SiteOne Landscape to $114 from $129 and keeps an Underweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is "already downbeat and much may already be priced in." The firm reduced estimates and price targets ahead of the Q2 reports.

net0trader Posted - 4 months ago

@MaverikIT @RonIsWrong @IsabellaDC @DonCorleone77 @Wigglyick @Cash4freedom @Im_not_Mr_Lebowski @CycleTrade $POOL $SITE $BECN as well

DonCorleone77 Posted - 4 months ago

$SITE SiteOne Landscape price target lowered to $125 from $160 at Jefferies Jefferies lowered the firm's price target on SiteOne Landscape to $125 from $160 and keeps a Hold rating on the shares. Hard data suggests that shorter-cycle trends have not seen a meaningful inflection since the Q1 reporting season and with numbers and expectations having come down, the firm sees a mostly in-line Q2 earnings period for the U.S. Machinery group, the analyst tells investors in a preview.

Stock_Titan Posted - 4 months ago

$SITE SiteOne Landscape Supply, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call https://www.stocktitan.net/news/SITE/site-one-landscape-supply-inc-announces-second-quarter-2024-earnings-3dc9t3kbo82x.html

Thestocktraderhubzee Posted - 4 months ago

WATCHLIST JUL 10 2024. $SITE UBS Maintains Buy on SiteOne Landscape Supply, Lowers Price Target to $185 $SCHW UBS Maintains Buy on Charles Schwab, Lowers Price Target to $90 $RJF UBS Maintains Neutral on Raymond James Finl, Lowers Price Target to $135 $IREN Bernstein Initiates Coverage On Iris Energy with Outperform Rating, Announces Price Target of $26 $RYAN UBS Maintains Buy on Ryan Specialty Hldgs, Raises Price Target to $67

erevnon Posted - 5 months ago

Loop Capital maintains SiteOne Landscape Supply $SITE at Hold and lowers the price target from $155 to https://marketsblock.com/stock-upgrades-and-downgrades/

erevnon Posted - 5 months ago

Stifel maintains SiteOne Landscape Supply $SITE at Buy and lowers the price target from $165 to https://marketsblock.com/stock-upgrades-and-downgrades/

DonCorleone77 Posted - 5 months ago

$SITE SiteOne Landscape price target lowered to $150 from $165 at Stifel Stifel analyst W. Andrew Carter lowered the firm's price target on SiteOne Landscape to $150 from $165 and keeps a Buy rating on the shares. Though the firm reduced its outlook for a weaker Q2 performance implying a deeper earnings trough with elevated uncertainty from prolonged deflation, it has been "surprised at the magnitude of the underperformance" in shares following the update, the analyst tells investors in a post-earnings note. With expectations reset, the firm says its second half outlook remains "largely unchanged," the analyst added.

erevnon Posted - 5 months ago

Truist Securities maintains SiteOne Landscape Supply $SITE at Buy and lowers the price target from $175 to https://marketsblock.com/stock-upgrades-and-downgrades/

Thestocktraderhubzee Posted - 5 months ago

WATCHLIST JUN 06 2024 $ADBE RBC Capital Maintains Outperform on Adobe, Lowers Price Target to $600 $BOOT BTIG Maintains Buy on Boot Barn Holdings, Raises Price Target to $150 $VSAT Barclays Maintains Equal-Weight on Viasat, Lowers Price Target to $24 $SITE Barclays Maintains Underweight on SiteOne Landscape Supply, Lowers Price Target to $129 $FERG Barclays Maintains Overweight on Ferguson, Lowers Price Target to $232

BullFunds Posted - 5 months ago

$NVDA —As Nvidia Closes In On Apple's Market Cap, Munster Explains Why Cupertino Could Generate Better Returns Over Next Year $SITE .—SiteOne®announced today its acquisition of AC Florida Pavers, LLC (d/b/a Hardscape.com), a wholesale distributor of hardscapes products serving the U.S. and Canada from four locations in Boca Raton, Ft. Myers, Tampa and Jupiter, Florida.